Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Cardlytics Inc before investing.

In this article, we go over a few key elements for understanding Cardlytics Inc’s stock price such as:

• Cardlytics Inc’s current stock price and volume
• Why Cardlytics Inc’s stock price changed recently
• Upgrades and downgrades for CDLX from analysts
• CDLX’s stock price momentum as measured by its relative strength

About Cardlytics Inc (CDLX)

Before we jump into Cardlytics Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Cardlytics, Inc. is a provider of a digital advertising platform. The Company operates an advertising platform within its own and its partners' digital channels, which includes online, mobile applications, email and various real-time notifications (the Cardlytics platform). Through the Cardlytics platform, marketers can deliver advertising content to customers that allows them to earn rewards, which are funded with a portion of the fees it collects from marketers. It maintains the Cardlytics platform in both the United States and the United Kingdom. With the Cardlytics platform, it enables marketers to reach potential customers across its network of financial institutions (FI) partners through their digital banking accounts. It also operates a customer data platform, Bridg platform, which utilizes point-of-sale (POS) data, including product-level purchase data, to enable marketers to perform analytics and targeted loyalty marketing and also measure the impact of their marketing.

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Cardlytics Inc’s Stock Price as of Market Close

As of May 24, 2024, 4:00 PM, CST, Cardlytics Inc’s stock price was $9.40.

Cardlytics Inc is up 7.18% from its previous closing price of $8.77.

During the last market session, Cardlytics Inc’s stock traded between $8.67 and $8.95. Currently, there are 43.25 million shares of Cardlytics Inc stock available for purchase.

Unfortunately, Cardlytics Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Cardlytics Inc Stock Price History

Cardlytics Inc’s (CDLX) price is currently down 23.27% so far this month.

During the month of May, Cardlytics Inc’s stock price has reached a high of $15.89 and a low of $7.72.

Over the last year, Cardlytics Inc has hit prices as high as $20.52 and as low as $4.96. Year to date, Cardlytics Inc’s stock is up 62.63%.

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What Caused Cardlytics Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 23, 2024, there were 2 analysts who downgraded Cardlytics Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Cardlytics Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Cardlytics Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Cardlytics Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Cardlytics Inc (CDLX) by visiting AAII Stock Evaluator.

Relative Price Strength of Cardlytics Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 23, 2024, Cardlytics Inc has a weighted four-quarter relative price strength of 20.05%, which translates to a Momentum Score of 93 and is considered to be Very Strong.

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Cardlytics Inc Stock Price: Bottom Line

As of May 24, 2024, Cardlytics Inc’s stock price is $9.40, which is up 7.18% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Cardlytics Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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